DPSGY - Deutsche Post DHL provides preliminary Q2 results raises guidance

Deutsche Post DHL ([[DPSGY]] -0.4%) raises outlook for the current financial year and for 2023. Preliminary operating profit (or EBIT) for Q2 has improved to record level with around ?2,075M (compares to Q2 2020: ?912M), has more than doubled compared to previous year. Raised its EBIT outlook for 2021 to more than ?7.0B (so far: more than ?6.7B). The mid-term EBIT outlook for 2023 is now expected to be more than ?7.4B (so far: more than ?7.0B)Free cash flow jumps above ?2.0B in H1 of 2021.“The second quarter proved once again that global trade volume continues to recover and the e-commerce boom is sustainable – and we benefit strongly from both. All divisions continue to operate at full speed worldwide and achieve double-digit EBIT growth rates. We want to thank our employees who do fantastic work around the world and deserve another corona bonus“, said Frank Appel, CEO.

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Deutsche Post DHL provides preliminary Q2 results, raises guidance